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What is BitShares all about
Bitshares, formerly known as Protoshares, was created in 2014 by Dan Larimer, also known as Bytemaster, popular in the crypto industry as the co-founder of Steemit, EOS and Cryptonomex. Bitshares is a decentralized cryptocurrency exchange based on the Delegated Proof-of-Stake consensus algorithm. Dan Larimer is also the inventor of the DPoS algorithm.
Bitshares is based on an open-source C++ blockchain implementation called as Graphene. Bitshares works under Decentralized Autonomous Company (DAC) which also allows Bitshares (BTS) holders to participate in the governance and decision-making. Bitshares (BTS) is the native cryptocurrency of the Bitshares ecosystem used in transactions and other medium of exchanges.
Bitshares ecosystem has ‘Witnesses’ which are tasked to group the transactions into blocks and add them to Bitshares blockchain. Witnesses are rewarded with BTS rewards on completing this task and build their reputation for acting honestly. Better the reputation of a Witness, more the chances of becoming a block generator.
Bitshares issues market-pegged tokenized assets like bitUSD, bitGold, bitEUR, and bitSilver which have their corresponding assets collateralized in Bitshares’s treasury. These tokens are called ‘Smartcoins’ and their values are algorithmically adjusted to the market value of the real assets. Other than cryptos, you can trade silver, gold, oil, stocks, and many other crypto-based derivatives.
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BTS Questions & Answers
What is the current price of BitShares?
Price of BitShares today is 0.01176461 Euro.
What was the highest historical price of BitShares?
We saw the highest spike in the price of BitShares on 2018-01-03, at 0.77 Euro.
What will the BitShares price be next month?
In accordance with our short term prediction, we expect, that BitShares's value will reach anywhere between €0 and €0.00471350 in 1 month time.
Is BitShares going to be worth more 3 months from now?
Using our prediction we estimate BitShares's cost will reach anywhere between €0 and €0.00471350 in 3 months time.
Is BitShares going to be worth more half year from now?
Long term projections are very difficult, however using our short term prediction we estimate that the price of BitShares will be between €0 and €0.00471350 6 months from now.
How popular is BitShares online?
7504 Reddit users took part in discussing BitShares on Reddit in the last 2 days. BitShares's official Twitter profile is currently followed by 19131 people.
10 days BitShares price forecast
Long term BitShares price prediction